Senior Manager, Financial Planning

3 weeks ago

Lake Forest, United States Abbott Laboratories Full time

About Abbott

Abbott is a global healthcare leader, creating breakthrough science to improve peopleâs health. Weâre always looking towards the future, anticipating changes in medical science and technology.

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. Youâll also have access to:

  • Career development with an international company where you can grow the career you dream of.
  • Free medical coverage for employees* via the Health Investment Plan (HIP) PPO
  • An excellent retirement savings plan with high employer contribution
  • Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelorâs degree.
  • A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
  • A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

This position works out in our facility of Lake Forest IL, in the Diagnostics Division. 

Weâre empowering smarter medical and economic decision making to help transform the way people manage their health at all stages of life. Every day, more than 10 million tests are run on Abbottâs diagnostics instruments, providing lab results for millions of people.

What Youâll Work On

The Senior Manager, Financial Planning & Analysis provides financial leadership to the United Stated Core Diagnostics Commercial Organization.  Abbott Core Diagnostics provides comprehensive laboratory solutions designed to enhance healthcare performance.  Abbottâs offerings include a wide range of diagnostic tests and instruments used in hospitals, laboratories, and clinics worldwide. These solutions cover various areas such as clinical chemistry, immunoassay, hematology, and infectious diseases.  The incumbent will drive financial planning processes, ensure data integrity, and provide critical business insights to executive leadership.  The incumbent will lead a team of Finance Supervisors dedicated to the main regions within the US.

MAIN RESPONSIBILITIES

  • Prepare and present comprehensive financial reports, including Plans, LBEâs, and long-range projections, ensuring data integrity and compliance with GAAP and Abbottâs policies. Facilitate executive decision-making with high-quality presentations
  • Create innovative financial tools to support strategic decision-making and performance tracking.
  • Identify and implement strategies to enhance margin profitability and streamline financial processes.
  • Maintain controls to ensure the integrity of assets and compliance with applicable policies, procedures and guidelines; interpret financial results, evaluate risks of alternatives, recommend actions and develop strategies to address various scenarios.
  • Oversee month-end accounting to deliver timely, accurate, and well-presented P&L, balance sheet, and sales reports.
  • Build and lead a high-performing financial team. Foster teamwork, drive results, and ensure staff development through mentoring, performance management, and recognition.
  • Implement efficient planning processes for the division, coordinating key dates and deliverables.
  • Coordinate and present monthly financial reviews to Global Headquarters Senior Staff
  • Ensure EHS goals are established and achieved. Promote adherence to EHS policies, procedures, rules and regulations. Recognize EHS achievements across the organization. Ensure departmental employees receive EHS training.
  • Responsible for implementing and maintaining the effectiveness of the Quality System.

This position is accountable for the following:

1. implementation of strategy, scope, process and programs related to financial planning and/or reporting

2. providing significant and positive impact to short-term, mid-range and long-term organizational goals

3. demonstrating continual improvement in financial planning and/or reporting

4. creating a work environment that supports cross-functional team effectiveness

5. management and development of reporting staff; mentor others as appropriate

Demonstrated appropriate level of leadership experience to lead and influence.

Requires high levels of competence, confidence and credibility.

Strategic and tactical decisions will be made based upon data the individual provides and/or presents in a management or informal setting. Consequences of erroneous decisions or recommendations would normally include critical delays and modifications to projects or operations

with substantial expenditure of time, human resources and funds and may jeopardize future business activity.

Required Qualifications

Bachelor's degree in finance or accounting

Experience: Minimum 8 years

Preferred Qualification

Master's Degree

Relevant experience to develop the competence required to meet the skills and responsibilities of the position

Candidate/incumbent should possess the following:

  • Ability to clearly, concisely and accurately communicate with others through various means;
  • Ability to interact with finance and non-finance professionals at all levels;
  • Ability or aptitude to supervise others;
  • Ability to form and develop interpersonal, professional relationships; displays socially and professionally
  • Appropriate behavior;
  • Ability to work independently and in groups;
  • Demonstrated initiative, analytical thinking, critical-thinking, problem solving skills;
  • Ability to operate independently and in groups;
  • Demonstrated initiative, analytical thinking, critical-thinking, problem-solving skills;
  • Ability to operate independently with broad scope of responsibility under minimal supervision and under challenging time constraints;
  • Ability to facilitate interpretation and understanding of data, identify risks, develop recommendations and implement solutions;
  • Ability or aptitude to utilize computer software applications to complete tasks.

* Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives:  www.abbottbenefits.com

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.

Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal.



The base pay for this position is $125,300.00 â $250,700.00. In specific locations, the pay range may vary from the range posted.

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